AMPAM notches up £750m

Specialist fixed-interest management has arrived in a big way, to judge from AMP Asset Management's capture of £750m of business last year, of which £200m came in November and December alone. A further £170m was put in by existing clients and there were 10 new accounts, all of which involved specialist management.

According to AMPAM's Roger Hunt, this, in part, reflects the arrival of the Minimum Funding Requirement, which implies that funds will take a more conservative view of funding. If and when the liabilities of...